Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2089.1, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2116.6, ₹2152.1, and ₹2179.6, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2053.6, ₹2026.1, and ₹1990.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.